All Forum Posts by: Lucas Allmon

I hear you John. I'm attempting to invest in LA and it's crazy. None of my offers have been accepted either. 

Don't let the FOMO kick in and keep at it. Do you really want to get stuck with a half a million+ turd?

Then again even giant piles of crap seem to appreciate here. Lol

Wow this is seriously great. Whenever I learn something. I try to find the Terminology and then the Process. 

Sounds like the process is heavily based at the Escrow company. Will start there. Opportunities have been coming up and I need to learn things depending on the situation. 

Thanks for all your help. The seller and I couldn't get close enough in offer and price to move forward so my worry was a bit premature. 

I'm not too worried about the price because I know my walk away number and am fine with it. 

Mostly I'm worried about process. Contract, escrow, inspections, timeline, etc. 

I have an agent I'd been looking at deals with, I don't have an attorney. They are reluctant to do stuff as they are worried their commission might not get paid, but I offered to pay it if the deal was good.  They still seem wary. 

I just don't want to not proceed if the deal makes financial sense. 

I guess I'll fail forward lol. 

Hi all, I'm meeting a seller about an off market deal tomorrow and he is not interested in going through agents. He doesn't like them. Perhaps he's trying to avoid the commission, but that could mean he's not as motivated as he claims he is.  

It could be a good deal, but that makes me a little nervous since I don't really know the process yet.

What would be the best way to make an offer if it comes to that, which still protects me and encourages the seller to do what he needs to do?

Is there an offer example someone can point me to to doing these kinds of things?

@Melanie Reynard

She denied the offer. Then raised the price to 1.1mil. Also that lady is just manic, so closing with her might be an issue in general 

@Linda Hastings Excellent, thank you. Is that written by the buyer or the seller?

@Bob Malecki thank you, if I've learned anything yet it's that there is no standard. Lol. I'm just wanting to know where in the process people are when they talk. 

Also, what is an MLPA? My guess is Purchase Agreement, but I dunno what the ML stands for. 

@Adam Adams Excellent, thank you for the thorough answer. So it seems Note protocol is an indicative offer, if they accept that, then you have a window for hardcore due diligence to solidify your offer.